Hudson Pacific Properties, Inc. (NYSE:HPP) Receives Consensus Rating of “Hold” from Brokerages

Shares of Hudson Pacific Properties, Inc. (NYSE:HPP) have been given a consensus recommendation of “Hold” by the thirteen analysts that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $14.5250.

A number of analysts have recently issued reports on the stock. Citigroup reiterated a “neutral” rating and set a $13.00 price objective (up from $8.00) on shares of Hudson Pacific Properties in a research note on Thursday. Wells Fargo & Company cut their price objective on shares of Hudson Pacific Properties from $18.20 to $13.50 and set an “overweight” rating on the stock in a research note on Thursday, April 2nd. The Goldman Sachs Group set a $14.50 price target on Hudson Pacific Properties and gave the stock a “neutral” rating in a research note on Thursday, January 29th. Morgan Stanley lowered their price target on Hudson Pacific Properties from $8.00 to $5.00 and set an “underweight” rating for the company in a research note on Tuesday, March 31st. Finally, Cantor Fitzgerald reduced their target price on Hudson Pacific Properties from $13.00 to $10.00 and set an “overweight” rating for the company in a report on Monday, March 2nd.

Institutional Trading of Hudson Pacific Properties

A number of large investors have recently bought and sold shares of the stock. Entropy Technologies LP bought a new stake in shares of Hudson Pacific Properties during the first quarter worth $208,000. Sei Investments Co. grew its stake in Hudson Pacific Properties by 2.0% in the first quarter. Sei Investments Co. now owns 301,353 shares of the real estate investment trust’s stock valued at $1,781,000 after purchasing an additional 6,049 shares in the last quarter. State of Wyoming boosted its stake in shares of Hudson Pacific Properties by 22.5% during the 1st quarter. State of Wyoming now owns 30,214 shares of the real estate investment trust’s stock worth $179,000 after acquiring an additional 5,543 shares during the period. Cetera Investment Advisers boosted its stake in shares of Hudson Pacific Properties by 18.0% during the 1st quarter. Cetera Investment Advisers now owns 16,317 shares of the real estate investment trust’s stock worth $96,000 after acquiring an additional 2,485 shares during the period. Finally, Militia Capital Management LLC bought a new stake in Hudson Pacific Properties in the 1st quarter valued at $1,765,000. 97.58% of the stock is currently owned by institutional investors.

Hudson Pacific Properties Trading Down 4.2%

Shares of HPP stock opened at $11.28 on Friday. The firm has a market cap of $611.56 million, a P/E ratio of -1.12, a PEG ratio of 0.88 and a beta of 1.86. Hudson Pacific Properties has a 1-year low of $5.26 and a 1-year high of $21.70. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.65 and a quick ratio of 1.78. The firm’s 50-day simple moving average is $7.56 and its 200-day simple moving average is $9.86.

Hudson Pacific Properties (NYSE:HPP) last posted its quarterly earnings results on Thursday, May 7th. The real estate investment trust reported ($0.82) EPS for the quarter, beating the consensus estimate of ($0.92) by $0.10. Hudson Pacific Properties had a negative net margin of 67.89% and a negative return on equity of 19.05%. The firm had revenue of $181.85 million for the quarter, compared to analyst estimates of $175.12 million. Hudson Pacific Properties has set its FY 2026 guidance at 1.100-1.180 EPS. As a group, equities analysts forecast that Hudson Pacific Properties will post 1.13 EPS for the current year.

Hudson Pacific Properties Company Profile

Hudson Pacific Properties (NYSE: HPP) is a self-managed real estate investment trust focused on the acquisition, development and management of high-quality office and studio properties. The company’s portfolio spans strategic West Coast markets in the United States and key markets in Canada, providing space for technology, media and creative companies as well as major film and television producers. As an owner and operator of both traditional office buildings and specialized production facilities, Hudson Pacific seeks to deliver stable income through long-term leases and strategic property enhancements.

In its office segment, Hudson Pacific targets markets with strong job growth and limited supply, including Los Angeles, Silicon Valley, San Diego and Seattle, as well as Vancouver, British Columbia.